Seagate Technology (NASDAQ:STX) Shares Up 3.6% on Analyst Upgrade

Seagate Technology (STX) saw its shares rise 3.6% after Barclays upgraded the stock to Overweight and increased its price target to $625, citing strong demand for HDDs driven by AI and data centers. Other analysts also raised their price targets, contributing to a “Moderate Buy” consensus. Despite strong earnings and revenue growth, the article notes concerns about valuation, high debt-to-equity, and recent insider selling.

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